Overview of MAG Property Development:
MAG Property Development which is also known as MAG Lifestyle Development is one of the renowned property developers in Dubai, UAE. The name of the property development is based on the name of the founder Moafaq Ahmad Al Gaddah (MAG). It is the property arm of Moafaq Ahmad Al Gaddah (MAG) Group which is a large multinational group that has been operating in several countries throughout the world.
MAG Group is among one the largest corporations in the Middle East having several subsidiaries working in engineering, real estate, contracting, commercial trading, hospitality, and several other sectors. The property group currently owns over 50 companies in the Middle East region.
The MAG Property Development was founded in the year 2003, as a subsidiary to the parent company MAG Group which was founded in the year 1978. The chairman and founder of the MAG Group are Moafaq Ahmad Al Gaddah.
MAG Property Development was ranked 18th among the TOP 40 UNLISTED REAL ESTATE COMPANIES in the Middle Eastern World in the year 2017. In the same year, the son of Moafaq Ahmad Al Gaddah who is the CEO of MAG Group won the award of Young Chief Executive Officer (CEO) of the year and was listed among the 40 under 40 most influential young Arabs by the Arabian Business in the Middle Eastern world.
MAG Group is renowned in Dubai, UAE and the Arab world for its high-end luxurious residential projects that consist of large-scale townhouse communities and high-rise residential towers. The company takes pride in meticulously crafting some of the best masterpieces within the Arab world. The company has managed to generate a lot of loyal customers because of its high-quality services and amazing architecture. The projects developed by MAG Group are rich in luxury and comfortability having all the necessary facilities.
Famous Projects by MAG Group:
- MAG 5 Boulevard
- MAG Eye Residential
- MAG 5 Dubai South
- MAG Eye Townhouses
- MAG 318
- MBL Residence
Property Prices of MAG Group:
- 1 bedroom apartments within MBL Residences by MAG Group are available in approximately AED 880,000.
- 1 bedroom apartments and studio apartments at MAG Eye Residential are available at approximately AED 490,000.
- 3 bedroom luxurious townhouses in MAG Eye Townhouses that are available at approximately AED 2.3 million.
Achievements, Awards, and Recognition:
The founder of MAG Group has been awarded for its exceptional services in terms of real estate. Few famous awards and recognitions earned by Moafaq Ahmad Al Gaddah are stated below:
- Award for outstanding contribution – Arabian Business Real Estate Awards in the year 2017.
- Entrepreneur of the year – Arabian Business Achievement Awards in the year 2016.
- ABLF Business Excellence Award – Asian Business Leadership Forum (ABLF) in the year 2017.
The office of MAG Group is located on the 25th floor of South Tower in Emirates Financial Towers in Dubai, UAE.